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Is It a Good Idea to Save for Your Disney Trip Using a Disney Vacation Account?

Is It a Good Idea to Save for Your Disney Trip Using a Disney Vacation Account?

Million Mile SecretsIs It a Good Idea to Save for Your Disney Trip Using a Disney Vacation Account?Million Mile Secrets Team

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I’ve written about ways to save on your Disney vacation by using miles and points for airfare and hotels.

But many folks still need to save for theme park tickets, souvenirs, meals, and incidentals.  And there’s a tool that can help.

You can open a Disney Vacation Account to plan and save money for vacation expenses.  It can be a good motivator to put aside cash each month for your trip.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
A Disney Vacation Account Could Help You Save for Your Next Disney Trip!

But is it a good idea?  Let’s have a look!

What’s the Deal?

Link:   Disney Vacation Account

The Disney Vacation Account site will help you plan, budget, and save for your trip.

1.   Budget Estimator

You can estimate how much your vacation will cost by factoring in expenses like Disney resort hotels, theme park tickets, airfare, food and drink, and shopping & entertainment.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
Use Tools on the Website to Estimate Costs for Your Disney Vacation

Once you have an idea how much you need to save, you can set up an account and start contributing.

2.   Sign-Up for an Account

It’s easy to set up a Disney Vacation Account.  If you already have a Disney account, sign-in using your email address and password.  Otherwise, you can create a Disney account here.

Like an online savings account, you can make automatic contributions on a 1-time, weekly, bi-weekly, or monthly basis.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
Save for Your Trip to the Magic Kingdom by Using a Credit, Debit, or Disney Gift Card

And you can load the account using a debit or credit card.  Or using a Disney gift card.

Disney gift cards are a great idea because you can buy them at some office supply stores.  And earn 5X points or 5% cash back with cards like:

  • AMEX SimplyCash – 5% cash back at US office supply stores
  • Chase Ink Bold (no longer available) – 5X Chase Ultimate Rewards points (5% back) at office supply stores
  • Chase Ink Business Cash Credit Card – 5X Chase Ultimate Rewards points (5% back) at office supply stores
  • Chase Ink Plus – 5X Chase Ultimate Rewards points (5% back) at office supply stores

Or, if you have a Target prepaid REDcard, you could use it to save 5% on Target purchases, including Disney gift cards.

Note:  These appear to only come in $50 denominations at Target, so it could take some time to load to your Disney Vacation Account!

And if you buy online, you could 1st go through a shopping portal to earn more cash back, miles, or points.

3.   Track Your Progress

You can track your progress online by signing-in to your Disney Vacation Account.  Some folks find this useful because it helps them visualize how close they are to meeting their goal.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
You Can Visualize Your Savings Goal Using the Tools on the Disney Vacation Account Website

This could be a good motivator!

4.   Use Your Savings for Disney Tickets, Hotels, and More

The funds in your Disney Vacation Account can be applied to vacation bookings (including tickets and hotels) made through Disney only.

So you can NOT to use the money to book discounted Disney tickets through other websites.  Or pay for hotels other than Disney on-site resorts.

And for every $1,000 you spend on qualified vacation purchases from your Disney Vacation Account, you’ll receive a $20 Disney gift card.

Note:   To receive the Disney Gift Card bonus, your Disney Vacation Account must be open for at least 120 days.

The maximum you can earn is $500 in Disney gift cards.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
Don’t Worry, Kids. You’ll Get Your Money Back If Your Disney Plans Fall Through

But the great news is, you can receive a full refund and get your money back at any time!

So if you have to cancel your Disney plans, you can get your money with no penalty.  Disney says they’ll try to refund your original form of payment 1st, but if required they’ll issue you a check.

Are There Drawbacks?

Yes.  I wouldn’t use the Disney Vacation Account to save money for a Disney vacation, because you will NOT earn interest on the funds!

You will earn a $20 Disney gift card for every $1,000 you spend from the account.  So it might be worth it for folks who know they’ll definitely use the money for eligible Disney purchases.  Or if you’ll be using the money soon.

But if you won’t go on your Disney vacation for a few years, you might do better opening a regular fee-free savings account.  Or putting your money into a short-term investment.

Is It A Good Idea To Save For Your Disney Trip Using A Disney Vacation Account
You Will NOT Earn Interest on Your Disney Vacation Savings!

That said, some folks might appreciate the easy vacation savings.  Setting up an account with automatic contributions could be good for those who don’t have the discipline to add funds to a savings account regularly.

And if you need your money back, you can get a refund.  But Disney prefers to refund your original form of payment (debit, credit, or Disney gift card).  However, the terms say they could issue you a check.

Bottom Line

Folks who want to save for a Disney vacation can automatically set money aside by setting up a Disney Vacation Account.

You can contribute using a debit, credit, or Disney gift card.  And if you’re not able to use the funds, you can get a full refund at any time.

When you spend $1,000 from your account on eligible Disney vacation purchases, you’ll get a $20 Disney gift card.

This could be good for folks who need help budgeting and saving.  But for most, it’s not a good idea, because you won’t earn interest on the money.

Remember, there are other ways to save money on your Disney vacation.   But my favorite tip is how you can earn 5 hotel nights and 2 flights to Disney World from 2 credit card bonuses.

I’ve also outlined 5 great Disney World hotels you can book with points.  And here are the best ways to get free or cheap flights to Orlando using airline miles.

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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If i were to use my chase sapphire to partially fund this:
1) would i be charged a ca fee ?
2) would i receive 2% “travel”?
3) would this qualify me for travel insurance benefits ?

So you can use the money in the account to book park tickets or to get Disney gift cards? Seems like it might be worthwhile to earn another 2%. We are planning a WDW trip for February.

We’re going to WDW this weekend and I was able to purchase $100 Disney gift cards from Target (I had the AMEX promo to get $30 back after $100 purchase from Target).

Re: ” I wouldn’t use the Disney Vacation Account to save money for a Disney vacation, because you will NOT earn interest on the funds!”. Interest in a Saving Account? where? I submit that the 2% you earn from the Disney Vacation Account ($20 gift card for $1000 spend) is way better than any interest you’d earn at a bank. saving account.

I wouldn’t recommend this….all reports lately are about the gkitchy website and IT issues…it’s not a great idea- and from everything I’ve read,which is quite a bit, once you use a disney gc in the account,to get a refund,you have to save EVERY gc you used,and the gc money goes back onto those gc’s. So it’s not as simple as ” buy a gc, drop into account,then late change your mind and getva refund from account,and get the money in a check”. Refunds go back onto the same gc you used to fund it(or 100 gc’s) you won’t get cash back for gc input.

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